SAGIA classifies Sadara as strategic

Updated 21 June 2015
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SAGIA classifies Sadara as strategic

Sadara Chemical Company (Sadara) has been classified as strategic by the Saudi Arabian General Investment Authority (SAGIA), the governmental entity established to oversee investment affairs in the Kingdom of Saudi Arabia. This puts Sadara in the highest classification category achievable under SAGIA’s current investment rankings.
This classification of Sadara’s investment status is in recognition of its commitment to enhancing the value of its investments in the petrochemical and chemical sectors of Saudi Arabia. This is also recognition of Sadara’s success in bringing associated investments into the Kingdom, providing significant employment opportunities for Saudi nationals, and driving further development of the industry or associated industries, according to SAGIA.
“We are pleased to have achieved the highest ranking with SAGIA and their recognition of Sadara’s positive impact on the Saudi economy,” said Ziad Al-Labban, CEO of Sadara. “We are driven by the support tendered to us by our stakeholders, Saudi Aramco and The Dow Chemical Company, and are committed to continuing to contribute to the enhancement and strengthening of the Kingdom’s value creation opportunities.”
“I would also like to thank SAGIA for its support of Sadara and its active role in helping the project achieve the successes it has to date,” Al-Labban added.
The evaluation criteria included a detailed appraisal of various aspects of Sadara and its business. This includes the transfer and localization of technological knowledge, diversification of the Kingdom’s economy, increasing exports and decreasing imports; developing local human resources, reinforcing and boosting the economic competitiveness of local products in both domestic and international markets, and encouraging balanced development of the various regions of the Kingdom.


Emaar to build ME’s largest Chinatown in Dubai

Chinese President Xi Jinping (L) and Crown Prince of Abu Dhabi Sheikh Mohamed bin Sayed Al Nahyan(R) arrive at the presidential palace in the UAE capital on July 20, 2018. (AFP)
Updated 22 July 2018
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Emaar to build ME’s largest Chinatown in Dubai

Emaar has announced a landmark development that is expected to further strengthen UAE-China relations, coinciding with the historic visit of President Xi Jinping of China to the UAE.
To honor Chinese expatriates in the UAE and further bolster business ties with China, Emaar will develop the Middle East’s largest Chinatown within the retail district of Dubai Creek Harbor, its six-square-kilometer mega-development, only 10 minutes from the Dubai International Airport and the Burj Khalifa.
“The retail precinct will occupy a central location within Dubai Creek Harbor — a destination which will be home to the world’s new icon, Dubai Creek Tower, and encompass vibrant lifestyle elements. Set by the Dubai Creek waterway, elegantly designed homes in Dubai Creek Harbor will offer spectacular views of the city’s dramatic skyline, the waterfront and the Ras Al-Khor Wildlife Sanctuary — home to over 450 animal species and migratory birds, including pink flamingos,” Emaar said in a press release.